Venezuela announces $5-bn Chinese loan for oil sector

Last Updated: Wednesday, September 2, 2015, 21:15

Venezuelan President Nicolas Maduro announced China has granted his government a $5-billion loan to boost oil output in the recession-hit OPEC state.

Venezuela, Russia's Rosneft agree on $14 billion oil, gas investment

Last Updated: Thursday, May 28, 2015, 08:29

"We had a great meeting and agreed on investment of over $14 billion," said Maduro during a televised broadcast, adding the funds would go towards doubling Venezuela`s oil production.

Venezuela to slash budget after OPEC steadies output

Last Updated: Saturday, November 29, 2014, 05:39

Venezuelan President Nicolas Maduro ordered his government on Friday to slash the budget of his oil-dependent and economically-weak nation, as crude prices plunge after OPEC held output steady.

Venezuelan region wins Guinness record for lightning

Last Updated: Wednesday, January 29, 2014, 15:04

It turns out there is a Guinness record for the place with the most lightning, and an area of Venezuela with 20,000 flashes of it per hour has won.

Violence-torn Venezuela creates phone `panic button`

Last Updated: Sunday, January 19, 2014, 04:01

A free app for certain smartphones that works as a "panic button" in emergencies has launched in Venezuela, one of the world`s most violent countries, a lawmaker said.

Reliance Industries eyeing Petronas stake in Venezuela project

Last Updated: Tuesday, January 14, 2014, 18:28

Reliance Industries is looking at buying Petronas' 11 percent stake in Venezuela's USD 20 billion Carabobo-1 project, a company official said Tuesday.

RIL eyes stake in Venezuela crude oil block, Mexico exploration assets

Last Updated: Tuesday, January 14, 2014, 16:16

Energy major Reliance Industries is looking to pick up an 11 percent stake in Venezuela`s Petrocarabobo project that was recently surrendered by Malaysia`s Petronas, and is eyeing exploration assets in Mexico, a company official said.

Venezuela mends tie with Paraguay, reopens embassy

Last Updated: Tuesday, January 14, 2014, 15:41

Venezuela has reopened its embassy in the Paraguayan capital 18 months after breaking off relations to protest the removal of Paraguay`s leader.

Venezuela`s revolution going to the street dogs

Last Updated: Monday, January 13, 2014, 06:34

Venezuela`s socialist revolution is going to the dogs literally.

Violence-wracked Venezuela targets police corruption

Last Updated: Sunday, January 12, 2014, 05:07

Venezuela urged police to report corruption in their ranks seen as part of the violent crime crisis, after a famous ex-beauty queen was slain.

Venezuela: Camera led to arrest in actress killing

Last Updated: Friday, January 10, 2014, 07:08

The discovery of a digital camera stolen from the popular actress Monica Spear and her ex-husband was key to identifying the seven people arrested in their fatal shooting, the chief of Venezuela`s criminal police said.

Venezuelan President calls governors, mayors to discuss actress` slaying

Last Updated: Thursday, January 9, 2014, 11:16

President Nicolas Maduro hastily gathered state governors and mayors to discuss the country`s violent crime amid public outrage over the killing of a popular soap-opera actress and former Miss Venezuela.